I just completed this goal making my 12th loan in 12 months.
This months loan went to Mrs. Amar, 27, in Mongolia. She is a translator and works as a manager in the student exchange agency. Currently this is the main income source of her family. With this loan she wants to buy a car that uses natural gas. She plans to use this to run a taxi business to make extra earnings for her family. Nowadays, air pollution from cars and households with coal-fired stoves is one of the biggest issues in Mongolian cities.
Oooops – With all the travel in June, i neglected this goal. To make up for it, i donated double in July.
This month’s loan went to Fadia, a 29 year old single lady, she has four brothers and one sister living with their mother after their father passed away.
Fadia is a teacher during the day, and at home she has a number of goats in a barn next to her house. Fadia uses those goats to take milk of them and make yogurt and cheese for sales.
Now Fadia has applied for a youth loan in order to increase the number of goats and sheep she has to increase her productivity.
This month’s loan went to Shadi, a young man in Lebanon who is living with his parents and buidling a plumbing business. This will help him to buy more tools and supplies. Repayments from old loans paid for this loan and much of the optional donation.
This months loan went to Fiapaipai in Somoa.
Fiapaipai is 43 years old and married with six children. She makes and sells Elei (printed material fabric) to earn a living and has been doing this for two years. Fiapaipai has requested a loan to expand her business. She plans to use her profits to pay her children’s school fees.
This month’s loan went to Khurshed from Tajikistan.
When I logged on this afternoon, there was a cheer from Holly. After clicking to find something that I could cheer back, there was an entry about her making a loan to Khurshed. Building on what another 43Thing member started seemed like a cool idea.
Khurshed needs a loan to build a home. He trades cattle and his wife sews dresses.
If you’re interested, here is a link to his profile
This month’s loan went to Hasan in Iraq, a mechanic who needs funds to help cover rent on his shop and increase his inventory so he can better support his family.
Other lenders to Hasan are in Bavaria Germany, Denmark, Canada, and the Netherlands. They also include a man who lives in a town only 20 miles from me and someone calling himself “Good Dogg” who is located on his/her “front porch.”
There was an e-mail in my inbox today from Kiva. They encouraged their local field partners to increase lending for the holiday season. While Kiva has had good success with this in the past, their partner in Iraq, ACSI, still has a number of loans not fully funded and they will expire soon (though I’m not sure what that means.)
If you’re interested in lending to someone in Iraq, about 63 loans still need to be fully funded. Here is the link to this partner:
I made a $25 loan to Ghanem, a 27 year old tailor with a wife and 2 children trying to get better machinery, do a little marketing and pay the rent.
It amazes me that I combined with David in London, Roland in Amsterdam, Romere in Brooklyn, NY, Sabina in Sweden and many others to make a difference in this family’s life
This month was a bit hectic, but I managed to loan $25 to Ahmed in Iraq, a 32 year old married gentleman with two children who needed a total of $2,500 to purchase a diesel generator and to add more items for his market in order to provide a better life for his family.
I usually find some sort of connection with each person to whom I loan money. With this man it was the generator, we installed one this year and it helped us greatly during a recent storm.
I combined with 100 other individuals loaning $25 to improve the lives of this man and his family.
This month, I chose to loan $25 to a man in the Congo who is building his arts and crafts business. He has had several loans and is at the point in his business where he can give back to the community by apprenticing at-risk youth to his business.
This month, I am loaning $25 to Calixto, a taxi driver from Paraguay who needs funds to purchase spare parts for his cab.
The other day, I was thinking about the economics of this. If you loan $25 for 12-14 months, then theoretically it should come close to sustaining itself money wise, because all you pay after is the small donation ($3.75). The amount that I just paid was less than $28.75 because some to whom I helped fund loans are already repaying their loans.